Company registration number: 04193316 Charity registration numiEr: 1087798 Barnsley Community Build (A company limi1 by guarantee) Annual Report and Financial Ststements for the Year Ended 30 April 2023 Thorntons Accountants 176-178 Pontefract Road Cudworth Barnsley South Yorkshire S72 8BE
Barnsley Community Build Contents Reference and Administrative Details Strategic Rewrt Trustee5' Report 3to6 Independent Examinevs Report 7t08 Consolidated Statemenl of Financial Activities Consolidated Balan Sh*t io Balance Sheet li Congjlidated Statement of Cash Flows 12 Statement of Cash Flows 13 Notes to the Financial Ststements 14to33
Barnsley Community Build Reference and Administrative Details Chairman Mr JW Hayward Charlty Registration Number 1087798 Company Registration Number04193316 Registered Office 185-189 Sheffield Road Barnsley South Yorkshire S70 4DE Independent Examlner Thorntons Accountants 176-178 Pontefract Road Cudworth Barnsley South Yorkshire S72 8BE Page I
Barnsley Community Build Strategic Report for the Year Ended 30 April 2023 The trust, who are directors for the purposes of company law, present their strategic report for the year ended 30 Aprll 2023, in complIan wlth s414C of the Companies Act 2006. Financial revlew Policy on reseThes The Board of Trustees has considered the Charity's requirements for reseNes in light of the main risks to the operation and continue to generate enough cash surplus to set aside funds to provide for the future and future projects. Modest cash reserves have b*n accnjed sufficienl to run the Chartty. The Charity has, over the past few years, been able to acquire substsntial property assets which continue to bring in rental income from other public sector bodies who lease some of the accommodation. The trustees are cUnetlY in the pr[55 of selling one of the rental properties to Increase cash werves The strategic report was approved by the trustees of the charity on 26 Aprll 2024 and slgned on fts beha by.. rlWH Chaimia ard Page 2
Barnsley Community Build Trustees. Report The trustees, who are directors for the purposes of company law, present the annual reFQrt together with the flnancial ststements of the charitable company for the year ended 30 April 2023. Objectlves and activities Publicbenefit The principal objective of the Charity is the promotion, for the public benefit, of urban and rural regeneration in areas of social and economlc deprivation (particularly Barnsley and surrounding South Yorkshire Area). Barnsley Community Build has developed a range of regeneration artwit1 to meet this obj'ective including.. The training of appntiCe5 at Sts s0 ntre at Moorlands where the simulated training areas allow learners to develop valuable work sknlls and krledge in preparation for proving their industrlal cornpeten In the construrtion industry. The development of the apprenti, education skills particuSarly in English language and mathematlcs together with the ACE qualification in conjunction with CPA. A community refurbishment scheme at Athersley. The provision of social housing. Seeking to keep I(al areas tidy and fe of litter through the provision of clean up teams. In setting plans and priorities for areas of work, the Trust of Bamsley Community Build have had regard to the guidan from the Charity Commisslon of the provision of public benefit. In particular, the Trustees consider how planned activities will contribute to meeting the objectives they have set. How Barnsley Community Build delivers its principal charitsble objective, that of social and economic reneratIOn in Barnsley and surrounding areas, is demonstrated in the above summary of Barnsley Community Build's objectives and achievements against that plan. The public beneflt arising from Barnsley Communlty Build's wod( is impliat in the services delivered and the ac5 to these by the local and surrounding communities thus assisting them in their daily lives, providing OPFKJrtunities for personal development as well as social and economic benefits to the The tnjstees confirm that they have complied with the requlrements of section 17 of the Charitles Art 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Trustees and Offir5 The trust and OffirS seNing during the year and Sin the year end were as follows: Trust5.. Mr IR Clark Ms SA Nixon Chairman: Mr JW Hayward Page 3
Barnsley Community Build Trustees. Report Strurturei governan and management Ivature ofgovemlng document The Charity is a charitable company limitèj by guarantee, numlkr 04193316. It is a registered charity number 1087798. It is governed by a Memorandum and Articles of Association. Induth47n and training of tntee$ On appointment new Trustees are pmvlded wlth Inductlon training in relation to their duties and reswnsibilities for the Charlty. Trustees are also provided wlth additional training if reqUId and tske part in a range of activitles to enable them to ulate and Improve their skills and knowledge. Oryanisational structure The Trustees, who are also the directors for the pursy)se of company law, who served durlng the year lor have been apw)inted sub5equendy) were.. Cllr J W Hayward J Rclark SA Nixon F Bootha-Klng - Signed None of the Trustees has any beneficial Interest in the company. All of the Trustees are members of the company and guarantee to contr7bute £1 in the event of a winding up. The Trustees have delegated day to day management of the Charity's actlvitles to a management team with each separate projert and area of charitable activity being directly managed by a project manager reporting to the Board. The Board meets on a monthly bas15 to provide oversight and Strategic direction where they recefve report5 from the project manager5 and consider the monthly ftnancial reports. The Trustees regularly assess the risks to which the Charity Is exkx)sed, in particular major operational and financlal risks, and a satisfied that systems are in Pla to mitlgate exposure to the major risks. The remuneration of the key management personnel identified within the financial statements wlll be determined, monitored and review* by the Trustees. Factors taken into account will include level of reswnsibility, context and complexity of the role, benchmarking from similar providers as well as current and potential business requirements. Detsils of the Charity's transactions with its related parties are included note Page 4
Barnsley Community Build Trustees, Report Flnanaal Instruments Objertives andpolldes The group's activities expose It to a ntjmber of finarKial risks induding Cred rlsK cash flow risk and liquidity risk. The use of financial derNatives is governed by the group's policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The group does not use derivative financial instruments for SFeculative purposes, Cash flow risk The group's activities expose it primarily to the financial risks of changes in fOIgn currency exchange rates and interest rates. The group uses foreign exchange fomard contratt5 and interest rate swap contracts to hedge these exposures. Interest bearing assets and liabillties are held at fixed rate to ensu rtaInty of cash flows. Creditrfsk The group's principal financial assets are bank balances and cash, trade and other receivables, and investments. The group's credit risk is primarily attributable to ts trade receivables. The amounts presented in the balan sheet a net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is eviden of a reduction In the recoverability of the cash flows. The credit risk on liquid funds and derivative financial Instnjments is limited because the coUnterpae5 are banks with high credit-ratings assign by international credit-rating agencies, The group has no significant cOnntratIon of Cdit risK with expKJsure spread over a large number of counterparties and custome. quidityrisk In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the group uses a mixture of long-temi and short-term debt finan. Further detalls regarding liquidity risk can be found in the Ststement of accounting wlicies irs the financial ststements. Golng concern risk The trustees recognise that the charity has running at a defecit and have sold investment properties after the year end, the proceeds will be used to pay off oustanding liabilities and give a cash inJ*ion to ensure the charity can meet its future obligations. The trustees therefore consider that accounts should be prepared under the going concern basis. Page 5
Barnsley Community Build Trustees, Report ststement of trustees, responsibilities The tnjstees (who are a150 the directors of Barnsley Community Build for the purposes of company law) are reswnsible for pparIng the tru5tees' report and the financial statements in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi), including FRS 102 'The Flnanclal Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they a satisfied that they glve a true and fair view of the state of affairs of the parent charitsble company and the gmup and of the incoming resou$ and application of resour, including its income and expenditure, of the charitsble group for that period. In preparing these financial ststements, the trustees are required select suitable accounting t(Jlicies and apply them consistendy,. obseNe the methods and principles in the Charities SORP,. make judgements and estimates that are reasonable and prudent,. state whether applicable accounting stsndards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements,. and prepare the financial ststements on the going concern basis unless it is inappropriate to presume that the parent charitsble company will continue in business. The trust5 are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financlal position of the parent charitsble company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also 5[X)nSIble for safeguarding the assets of the parent charitable company and the group and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are resp)nsible for the rna1ntenan and intejrity of the corporate and financlal infomation included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other Jurisdictions. The annual report was approved by the trustees of the charity on 26 April 2024 and slgned on Its behalf by: rjw Chaim)an Page 6
Barnsley Community Build Independent Examiner's Report to the trustees of Barnsley Community Build {'the Group,) I report to the charity trustees on my examination of the consolidated accounts of the Group comprising the Barnsley Communty Build and its subsidlary undertakings for the year ended 30 April 2023. Responsibilitie$ and basis of report As the trustees of the Group (and also its directors for the purposes of company law) you a reswnsible for the preparation of the consolidated accounts in accordance with the reqU1ments of the Companies Act 2006 Cthe 2006 Act,). Having satisfied myself that the accounts of both Barnsley Community Build and the Group are not required to be audlted under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your consolldated accounts as carried out under section 145 of the Charities Art 2011 Cthe 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examinerfs ststement sin the Group's gross income exceeded £250,000 your examlner must be a member of a body listed in section 145 of the 2011 Att. I confirm that l am qualified to undertake the examination because l am a member of Members of ACC4, which is one of the listed bodies. I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe: l. accounting records were not kept in respect of Barnsley Community Build as required by section 386 of the 2006 Act,. or 2. the accounts do not accord wf(h those rrdS,. or 3. the accounts do not comply with the accounting requirements of sectlon 396 of the 2Tr)6 Act other than any requirement that the acc()unts give a 'true and fair vlew, which is not a matier consldered as part of an independent examination,. or 4. the accounts have not been prepared in accordan with the methods and principles of the Statement of Recommended practi for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concerns and have come across no other matters in connertion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Page 7
Barnsley Community Build Independent Examiner's Report to the trustees of Barnsley Community Build ('the Group,) Mathew Parsons FCCA - For and on tEhalf of Thorntons Accountants Members of ACCA 176-178 Pontefract Road Cudworth Barnsley South Yorkshi 572 8BE 26 April 2024 Page 8
Barnsley Community Build Consolidated Statement of Financial Activities for the Year Ended 30 April 2023 (Including Consolidated Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Total 2023 Note Income and Endowments from: Investment income other income 23,498 371234 23,498 371234 Totsl income 394 732 Expenditure on: Charltsble activities 473,301 473,301 Total expenditu 473 301 473 301 Net expendlture 78,569 Net movement In funds (78,569) (78,569) Reconciliation of funds Totsl funds brought forward 348 633 348 633 Totsl funds carried fomard 18 270 064 Unrestricted funds Total 2022 Note Income and Endowments from. Investment income Other income 29,345 367 841 29,345 367,841 Total income 397 186 397,186 Expendlture on: Charitsble artivities 503 209 Total expenditure 503 209 503 209 Net expenditure 106 023 106 023 Net movement in funds (106,023) (106,023) Reconciliation of funds Totsl funds brought forward 454 656 Totsl funds Carri forward 18 348 633 All of the group's activities derive from continuing operations during the above periods. The funds breakdown for 2022 15 shown in note 18. The note5 on pages 14 to 33 form an integral part of these financial statements. Page 9
Barnsley Community Build (Registration number: 04193316) Consolidated Balance Sheet as at 30 April 2023 2023 2022 Fixed assets Tangible assets Investments 13 419,622 168,855 433,543 168,855 602 398 588 477 Current assets Debtors Cash at bank and in hand 15 16 5,628 2,130 2,328 1,925 Totsl assets less current liabilities 596,235 606,651 Creditors: Amounts falling due after more than one year 17 326 171 258 018 Net assets 348 633 Funds of the group: Unrestrirted Income funds Unrestricted funds 348 633 Totsl funds 18 348 633 For the financial year ending 30 April 2023 the charity was entitled to exemption from audit under tion 477 of the Companies Act 2006 relating to small companies. Directorfs re5ponsibilities'. The members have not required the charty to obtain an audit of its accounts for the year in question in accordance with section 476; and . The directors acknowledge their reswnsibilities for complying with the qUirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accxjrdance with the provisions applicable to companies subject to the small companies regime. The financlal statements on pages 9 to 33 were approved by the trust, and authorlsed for Issue on 26 April 2024 and signed on their behalf by: JWHa Chairman The notes on pages 14 to 33 foTh an integral part of these financial statements. Page 10
Barnsley Community Build (Registration number: 04193316) Balance Sheet as at 30 April 2023 2023 2022 Note Fixed assets Tangible assets Investments 13 413,434 168,856 425,053 168,856 582 290 593 909 Current assets Debtors Cash at bank and in hand 15 16 86,475 210 86,475 255 Total assets less current liabllltles 668,975 680,639 Creditors: Amounts falling due after more than one year 17 Net assets 657 897 669 561 Funds of the charlty: Unrestricted income funds Unrestricted funds 657 897 Totsl funds 18 657 897 669 561 For the financial year ending 30 April 2023 the charity was entftled to exemption from audit under section 477 of the Companies Art 2006 relating to small companies. Directorfs responsibilie$. The members have not required the charfty to obtain an audit of Its accounts for the year in question in accordance with section 476,. and The directors acknowledge their responsibilities for complying with the requirements of the Act with respert to accounting records and the preparation of accounts. These accounts have been prepared In accordantr with the provisions applicable to companies subject to the small comparsies regime. The financial statements on pages 9 to 33 were approved by the trustees, and authorised for issue on 26 April 2024 and signed on thelr behalf by: rJWH Chaimia The notes on pages 14 to 33 fomi an integral part of these financial statements. Page 11
Barnsley Community Build Consolidated Statement of Cash Flows for the Year Ended 30 April 2023 2023 2022 Cash flows from operating activlties Net cash exkEnditu (78,569) (106,023) Adjustments to cash flows from non-osh Items Depreciation Investment income 13,921 14,598 (88,146) (120,770) Working capltal adjustments (Increaselldecrease in debtors Incw5e in creditors 15 {3,300) 68,153 3,685 66,627 Net cash flows from operating activities (23,293) (50,458) Cash flows from investing activitles Inte$t rece¢vable and similar income Net increase/{decrease) in cash and cash equivalents 205 (21,113) Cash and cash equivalents at l May Cash and cash equivalents at 30 April All of the cash flow5 are derived from continuing 0rationS durlng the above tm rtOd$. The notes on pages 14 to 33 fom an integral part of these financial statements. Page 12
Barnsley Community Build ststement of Cash Flows for the Year Ended 30 April 2023 2023 2022 Note Cash flows from operating activities Net cash expenditure Adjustments to cash flows from non-cash Items Depreciation Investment income (11,664) (11,290) 11,619 11,619 (45) (4,871) W01ng capital adjustments Increase in debtors 15 Net cash flows from operating activit(es {45) (11,446) Cash flows from Investing actlvities Interest receivable and similar income Net decrease in cash and cash equivalents (45) 255 (6,246) Cash and cash equivalents at l May Cash and cash equivalents at 30 April 210 255 All of the cash flows a derived from continuing operations durlng the above 40 periods. The notes on pages 14 to 33 fom an integral part of these flnancial statements. Page 13
Barnsley Community Bulld Notes to the Financial Statements for the Year Ended 30 April 2023 I Charity status The charity is limited by guarantee, incorporated in , and consequently does not have share Cdpitsl. Each of the trustee5 is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The address of its gIstered office is.. 185-189 Sheffield Road Bamsley South Yorkshire S70 4DE These financial statements were authorised for issue by the trustees on 26 April 2024. 2 Accounting pollcles Summary of signlflcant accounting policies and key accountlng estlmates The principal accounting policies applied in the preparation of these financial ststements are set out below. These policies have been consistently applled to all the years presented, unless othemise ststed. statement of complian The financial statements have bn prepared in accordance wlth Accounting and Reporting by Charities: Ststement of Recommended Practice (applicable to charities preparing their accounts in accordan with the Financial Rewjrting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) (Charitie5 SORP (FRS 102)), the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basls of preparation Barnsley Community Build meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise ststed in the relevant accounting policy notes. Basis of consolldation The consolidated financial ststements consolidate the flnanaal ststements of the charty and its subsidiary undertskings drdwn up to 30 April 2023. No ststement of financral actwities is presented for the charity as permitted by sertlon 408 of the Companies Act 2006. The charity made a lo after tax for the financial year of £11,664 (2022 - Ioss of £11,290). Page 14
Barnsley Community Build Notes to the Financial Statements for the Year Ended 30 April 2023 A Subsidiary is an entity controlled by the charity. Control is achieved where the charity has the power to govern the financial and operating policies of an entity so as to obtain beneffits from its artivities, The results of subsidiaries acquired or disposed of during the year are Included In the statement of financial activities from the effective date of acquisltion or up to the effective date of disposal, as appropriate, Where nesary, adjustments are made to the financial statements of 5ub5idiarie5 to bring their accounting policies into line with those used by the group. The purchase method of accounting is used to account for business combinations that result in the acquisition of subsidiaries by the group. The cost of a business combination is measured as the fair value of the assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs direttly attributable to the busine55 combination. Identifiable assets acqulred and liabilities and contingent liabilities assumed In a business combination are measured initially at their fair values at the acquisition date. Any ex$ of the cost of the business combination over the acquirer's interest in the net fair value of the identifiable assets, liabilities and contingent liabilities recognised 15 recorded as goodwill. Inter-company transattions, balances and unrealised gains on transactions betWTr the charity ar its subsidiarie5, which are related parties, are eliminated in full. Intra4Jroup losses are also eliminated but may indicate an Impaiment that requires recognition in the consolidated financial statements. Accounting pollcles of subsidiaries have been changed where necessary to ensure consistency with the pollcies adopted by the group. Non-controlling interests in the net assets of consolidated subsidiaries are identified separately from the group's equlty thereln. Non<ontrolling interests consist of the amount of those interests at the date of the original business combination and the non-controlling shareholderfs share of changes in equity since the date of the combination. Total compreherbsive income is attributed to non-controlling interests even If thls results in the non-controlling interests having a deficit balan. Going concem The trustees consider that there are no material uncertainties atx)ut the group's ability to continue as a going conrn nor any significant areas of uncertainty that affect the carrying value of assets held by the group. Income and endowments Expenditure All expendlture is recognised On there is a legal or construrtive obligation to that expenditure, it is probable setdement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be direcuy attributed to particular headings they have been allcThted on a basis consistent with the use of resources, with ntral stsff costs allocated on the basis of time spent, and depreciation charges allocated on the poOn of the asset's use. Other 5UPPOrt costs are allocated based on the spread of staff costs. Page 15
Barnsley Community Build Notes to the Financial Statements for the Year Ended 30 April 2023 Charitable acbvities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its teneficiaries. It includes both costs that can be allocated dlrertiy to such actlvities and those costs of an indirect nature neSary to support them. Governance costs These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed exFenses. Taxation The charity is considered to pass the tests set out In Paragraph I Schedule 6 of the Flnance Art 2010 and therefore rt meets the definition of a charitsble company for UK corratIOn tax purposes. Accordingly, the charity 15 Potentialty exempt from tsxation in respect of income or capitsl gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets costing £1,000.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depre¢lation and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuatlon, less any estimated residual value, over their expected useful economlc Ilfe as follows: Investment properties Investment property is carrted at fair value, derived from the current market pri for comparable real estste detemiined annually by extemal valuers. The valuers use observable market pri$, adjusted if nsSary for any differen in the nature, location or condition of the swific asset. Changes in frdir value are recognised in profrt or loss. Buslness combinations Business combinations are accounted for under the purchase methlxi. Where necessary, adjustments are made to the financial statements of Subsidiaries to bring the accounting FM)licies used into line with those used by the group. All Intra-group transactions, balances, income and expenses are eliminated on consolidation. In accordan wlth Section 35 of FR5 102, Section 19 of FRS 102 has rt been applied Sn these financial statements in re5Fect of business combinations effected prior to the date of tran51tion, Page 16
Barnsley Community Build Notes to the Financial Statements for the Year Ended 30 April 2023 Trade debtors Trade debtors are amounts due from customers for merchandise soid or services pErfomied in the ordinary course of bu5ines5. Trade debtors are rnISed initially at the transaction pritr. They a subsequendy measured at amortised cost using the effective interest methThY, less provision for impairment. A provision for the impairment of trade debtors is estsblished when there is objective eviden that the charity will not be able to collect all amounts due according to the original tems of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-tem) hlghly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change In value. Borrowings interest-bearing borrowings are initially rrded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortlsed cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Ststement of Financial Activities over the period of the relevant borrowing. Interest expense is recojnised on the basis of the effective interest method and is included in interes1 payable and similar charges. Borrowings are classlfEd as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least ee months after the reporting date. Page 17
Barnsley Community Build Notes to the Financial Statements for the Year Ended 30 April 2023 Foreign exchange Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balan sheet date are reFX)rted at the rates of exchange prevailing at that date. The results of overseas operations are translated at the average rates of exchange during the perlod and their balance sheets at the rates ruling at the balan sheet date. Exchange differences arising on translation of the opening net assets and results of overseas OFerations are reported in other comprehensive income and accumulated in equity (attributed to rn-COntrollIng interests as appropriate). other exchange drfferences are recognised In the Statement of Flnancial Activities In the period in which they arise except for: l) exchange d[fferen on transacbons entered into to hedge rtain foreign curTency risks ( ave). 2) exchange differences arising on gains or losses on non-monetary items which are recognised in other comprehensive income,. and 3) in the case of the consolidated financial ststements, exchange diffentr5 on monetsry ttem5 receivable from or payable to a foreign operation for which settlement 15 neither planned nor likely to occur (therefore forming part of the net investment in the foreign operation), which are recognised in other comprehensive income and reported under equity. Fund structure Unrestricted income funds are general funds that are availabte for use at the trustees dlscretlon In furtheran of the objectives of the group. Penslons and other post retirement obligations The group operates a defined benefit pension scheme.Typically defined benefit plans define an amount of pension benefit that an employee will receNe on retiremenL usually dependent on one or more factors such as age, years of service and compensation. The liability recognised In the Balance Sheet In SpeCt of defined benefit pension plans is the present value of the defined benefit obligation at the reporting date minus the fair value of plan assets. The defined benefit obligation is measured using the projected unit credit method. The present value of the defined benefit obligation is determlned by discounting the estimated future payments by referen to market yields at the repN)rting date on high44uality corporate ixjnds that are denominated in the currency in which the benefits will be paid, and that have temis to maturity approximating to the terms of the related pension liability. Actuarial gains and losses are charged or credited to other comprehensive income in the perfod In which they arise. Page 18
Barnsley Community Build Notes to the Financial Statements for the Year Ended 30 April 2023 Flnanclal Instruments ClaTIcation Financial assets and financial liabilities are recogni5 when the group becomes a party to the contractual provisions of the instrument. Flnancial liabilities and equity instruments are classified according to the SUbStsn of the contractual arrangements entered into. An equty instrument is any contract that evidences a residual interest in the assets of the group after djuctIng all of its liabilities. Recognth?n andmeasurement All financial assets and liabilitie5 are initially measured at transacbon pri (Including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is nomally the transaction pri excluding transaction costs), unless the arrangement constitutes a financing transartion. If an arrangement constitutes a financing transartion, the financial a55et or financlal liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt Instrument. Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legal enforceable right to set off the recogni5ed amounts and the group intends either to settle on a net basls, or to realise the assel and settle the liability simultsneou51y. Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the group transfers to another party substsntially all of the risks and rewards of ownership of the financial asset, or c) the group, despite having retained some, but not all, significant risks and rewards of ownershipi has transferred control of the asset to another paty. Financial lyabilities are dereccxjnised only when the obligation SFEcified in the contract is discharged, Canlled or expires. Page 19
Bamsley Community Build Notes to the Financial Statements for the Year Ended 30 April 2023 Debtinstruments Debt instruments which meet the following conditions are subsequentty measured at amorttsed cost using the effective interest rnethod.. (a) The contractual return to the holder is (i) a fixed amount,. lil) a p)sitive fixed rate or a FK)Sitive variable rate,. or (iii) a combination of a positive or a negative fixed rate and a positive variable rate. (b) The contract may provide for repayments of the princSpal or the return to the holder (but not ty)th) to be linked to a single relevant obseNable index of general price inflatlon of the currency In which the debt instrument 15 denominated, provided such links are not leveraged. (c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition {a) and the variation is not contingent on future events other than (l) a change of a contractual variable rate,. (2) to protect the holder against credit deterioration of the issuer; (31 changes in levies applled by a ntral bank or arising from change5 in relevant taxation or law. or (li) the new rate is a market rate of interest and satisfies condition (a). (d) There 15 no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior perIls. (e) Contractual pmvi5ions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the i55uer or a change in control of the issuer, or to protect the holder or issuer against changes in levies appli&J by a traI bank or arising from change5 in relevant taxation or law. (D Contractual provislons may pemit the extension of the temi of the debt instrumen¢ provided that the retum to the holder and any other contractual provisions applicable during the extended temi satisfy the conditions of paragraphs (a) to (c). Debt instruments that are classified a5 payable or re1vable wlthln one year on initlal recognition and which meet the above conditions are measured at the undiscounbl amount of the cash or other consideratlon expected to be paid or recewed, net of impairment. With the exception of some hedging instruments, other debt instruments not meeting these condition5 are measured at Fair value through profit or loss. Commitsnents to make and recelve loans which meet the conditions mentioned above are measured at cost (which may be nil) less impaimient. Page 20
Barnsley Community Build Notes to the Financial Statements for the Year Ended 30 April 2023 Investn3ents Investments in non<onvertible preferen shares and non-puttable ordinary or preferen shares (where Sha are publlcly traded or their fair value is reliably measurable) are measured at falr value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impaimient. Investments in subsidiaries and associates are measured at cost less Impalmient. For investrnents In subsidiaries acquired for consideration Including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored. Zlerivative finanaalinstrnments The group uses derivative financial instruments to redu exposure to foreign exchange risk and interest rate movements. The group does not hold or issue derivatNe financial instruments for speculative purposes. Derivatives are initialty recognised at fair value at the date a derivatsve contract is entered into and are subsequendy remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in statement of financial actNities immediatety unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in statement of financial artivities depends on the nature of the hedge relationship. Fair value measurement The best eviden of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the pri of a recent transaction for an identical asset provides eviden of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took pla. If the market Is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique. 3 Investment Income Unrestricted funds General Total funds Income from rents Total for 2023 Totsl for 2022 Page 21
Barnsley Community Build Notes to the Financial Statements for the Year Ended 30 April 2023 4 Other income Unrestrirted funds General Total funds Income from trading subsidiary 371234 371,234 Total for 2023 371234 371234 Total for 2022 367 841 5 Expenditure on raising funds Total costs 6 Expenditure on charitable activities Unrestricted funds General Totsl funds 137,257 13,921 319,973 137,257 13,921 319,973 Depreciation, amortisation and other similar costs Staff costs Governance costs Totsl for 2023 473 301 Total for 2022 503 209 Page 22
Barnsley Community Build Notes to the Financial Statements for the Year Ended 30 April 2023 Total expenditure In addition to the expendlture anatysed above, there are also g0Veman costs of £2,150 (2022 £9,000) which relate directly to charitsble attwities. See note 7 for ftjrther details. 7 Analysis of support costs Governance costs Unrestricted funds General Total funds Independent examiner fees Examination of the financlal statements 2,150 Total for 2023 Total for 2022 9,000 8 Net incomingloutgoing resources Net outgoing resour for the year include: 2023 2022 Depreclation of fixed assets 9 Trustees remuneratlon and expenses No trustees, nor any persons connected with them, have retrived any remuneration from the group during the year. No trustees have received any reimbursed exrEnses or any other tenefits from the charity during the 10 staff costs The aggregate payroll costs were as follows: Page 23
Bamsley Community Build Notes to the Financial Statements for the Year Ended 30 April 2023 2023 2022 staff costs during the year were: Wages and salaries Sxial security costs Pension costs 293,853 13,180 303,213 14,486 312 137 323 906 Page 24
Barnsley Community Build Notes to the Financial Statements for the Year Ended 30 April 2023 The monthly average number of persons (including senior management / leadership team) employed by the group during the year expressed as full time equivalents was as follows: 2023 No 2022 No Trading artIvleS Charitable activsties 20 20 21 21 No employ* received emoluments of more than £60,000 during the year. 11 Independent examiner's remuneration 2023 2022 Examlnatlon of the financial statements Page 25
Barnsley Community Build Notes to the Financial Statements for the Year Ended 30 April 2023 12Taxation The group is a register1 charity and is therefore exempt from taxation. 13Tangible fixed assets Group Furniture and equipment Land and buildings Motor vehicles Computer equipment Total Cost At l May 2022 60,918 76D 115 At 30 April 2023 760 115 Depreciatlon At l May 2022 Charge for the year 197,896 59,523 56,105 13,048 326,572 392 At 30 April 2023 Net book value 209 515 340 493 At 30 April 2023 419 622 At 30 April 2022 425 053 433 543 Included within the net book value of land and buildings above is £413,434 (2022 E425,053) in respett of freehold land and buildings and £Nil (2022 £Nil) in respert of leaseholds. Page 26
Barnsley Community Build Notes to the Financial Statements for the Year Ended 30 April 2023 Charity Furniture and equipment Land and buildings Motor vehicles Computer equipment Total At l May 2022 760 115 At 30 April 2023 760 115 Depreciation At l May 2022 Charge for the year 197,896 59,523 56,105 13,048 326,572 11,619 392 At 30 April 2023 Net book value 209 515 At 30 April 2023 413 434 419 622 At 30 April 2022 425 053 433 543 Page 27
Barnsley Community Build Notes to the Financial Statements for the Year Ended 30 April 2023 14 Fixed asset investrnents Group 2023 2022 Investment properties 168,855 168,855 Investment properties Investment propertles Cost or Valuation At l May 2022 168 855 Provision At 30 Aprll 2023 Net book value At 30 April 2023 168 855 At 30 April 2022 168 855 The investment property is valued at original cost, The trustees are of the oplnion that the valuatlon of the property at the year end is not materially different the orTginal cost. Detalls of undertaklngs Detai15 of the investments in which the group holds 200/0 or more of the nominal value of any class of share capitsl are as follows: Page 28
Barnsley Community Build Notes to the Financial Statements for the Year Ended 30 April 2023 Country of Incorporatlon Proportion of voting Principal rights and shares held activity 2023 2022 Undertaking Holdlng Subsidiary undertakings BCB Trading Limited UK Ordinary loo% iooo Construction and training Subsidiaries The h)ss for the financial period of BCB Trading Limlted was £66,905 (2022 £94,733) and the aggregate amount of capitsl and reserves at the end of the period was £(387,833) (2022 £(320,927)). Charity 2023 2022 Investment proFerties 168 855 Investment propertie$ Investment properties Cost or valuaon At l May 2022 Provision At 30 April 2023 Net book value At 30 Aprll 2023 168 855 At 30 April 2022 There has been no valuation of investment propety by an independent valuer. Page 29
Barnsley Community Build Notes to the Financial Statements for the Year Ended 30 April 2023 Shares in group undertakings and participating interests Subsidiary undertakings Total Cost At l May 2022 At 30 April 2023 Net book value At 30 April 2023 At 30 Aprll 2022 Details of undertaklngs Details of the investments In whkh the charlty holds 20% or more of the nominal value of any dass of share capital are as follows,. Country of IncorporaOn Proportlon of votlng Prlndpal rights and shares held actlvlty 2023 2022 Undertaking Holding Subsidlary undertakings BCB Trading Limited UK Ordinary loo% iooo Construction 15 Debtors Group Charity 2023 2022 2023 2022 Trade debtors Due from group undertaklngs Other debtors 2,628 2,328 86,475 86,475 Page 30
Barnsley Community Build Notes to the Financial Statements for the Year Ended 30 April 2023 16 Cash and cash equivalents Group Charity 2023 2022 2023 2022 Cash on hand Cash at bank 462 462 210 255 210 255 17Creditors: amounts falling due after one year Group Charlty 2023 2022 2023 2022 Trade creditors Other creditors Accruals 27,425 281,663 22,957 219,978 15,083 (5) (5) 326 171 258 018 Page 31
Barnsley Community Build Notes to the Financial Statements for the Year Ended 30 April 2023 18Funds Group Balan at 30 Aprfl 2023 Balance at i May 2022 Incoming resources Resources expended Unrestricted General 348 633 394,732 473,301 270 064 Balance at 30 April 2022 Balance at i May 2021 Incoming resources Resources expended Unrestrirted General 397 186 503 209 348 633 Charity Balance at 30 April 2023 Balance at i May 2022 Resources expended Unrestrlrted General 657 897 Balance at 30 Aprll 2022 Balance at i May 2021 Incoming resources Resources expended Unrestrirted General 680 851 669,561 Page 32
Barnsley Community Build Notes to the Financial Statements for the Year Ended 30 April 2023 19Analysis of net funds Group Atlmay 2022 Financing cash flows At 30 April 2023 Cash at bank and in hand 205 2,130 Net debt 205 Financing cash flows 2,130 At30 April 2022 Atlmay 2021 Cash at bank and in hand 21,113 Net debt Charity Atlmay 2022 Financlng cash flows At 30 April 2023 Cash at bank and in hand 255 45 210 Net debt 45 Financing cash flows 210 At 30 April 2022 Atlmay 2021 Cash at bank and in hand 6,246 255 Net debt 255 Page 33
Barnsley Community Build Statement of Financial Activities by fund for the Year Ended 30 April 2023 Unrestricted Funds Total Total Unrestrictedunrestricted Funds Funds 2023 2022 Income and Endowments from: Investment income other income 23,498 371234 29,345 Total income 394 732 397 186 Expenditure on: Charitable activities 473 301 503 209 Total expenditure 473 301 503 209 Net expenditu 106 023 Net movement in funds 178,569) (106,023) Reconciliation of funds Totsl funds brought fokward Totsl funds carried forward 348 633 Thls page does not forn part of the statutory ffinancial statements. Page 34
Barnsley Community Build Detailed Ststement of Financial Activities for the Year Ended 30 April 2023 Totsl 2023 Total 2022 Income and Endowments from: Investment income (analysed below) other income (analysed below) Total income 23,498 371234 29,345 367 841 394 732 397 186 Expenditure on: Charitable artivities (anatysed below) 473,301 Totsl expenditure 473 301 503 209 Net expenditure 106 023 Net movement In funds (78,569) (106,023) Reconuliatlon of funds Total funds brought forward 348 633 454 656 Total funds carried forward 348 633 Thls page does not form part of the ststutory financlal ststements. Page 35
Barnsley Community Build Detsiled Statement of Financial Activities for the Year Ended 30 April 2023 Total 2023 Totsl 2022 Investment incon Rentsl income otherincome Sales Envlronmental sales 139,862 231,372 192,326 175,515 371234 367 841 Chan'table aLtivitses Materials Wages and salarles Stsff pensions Subcontract cost Hire of other assets staff NIC {Employersl Hire of other assets (Operating leases) Lease of motor vehicles (Operating leases) Renr Rates Light, heat and power Insurance Repairs Telephone Computer software and Maintenan costs Printing, postage and stationery Trade subscriptions Sundry expense5 Bad debts written off Motor expen5e5 Staff bonuse5 Bank charges Freehold propety depreaation Depreciation of plant and machinery (owned) Depreciation of fixtures and fittings (owned) Depreciation of motor vehicles (owned) staff entertainlng (allowable for tax) 25,930 293,853 5,104 18,793 23,325 303,213 6,207 36,428 2,107 14,486 180 425 12,573 17,863 12,105 6,509 389 1,278 5,928 768 3,088 1,175 4,775 22,774 2,965 266 11,619 268 257 2,454 784 13,180 10,208 3,106 34,287 17,626 75 1,696 3,339 iii 1,413 3,183 17,335 7,836 155 11,619 199 193 1,910 This page dces not fomi part of the ststutory financial statements. Page 36
Barnsley Community Build Detailed Statement of Financial Activities for the Year Ended 30 April 2023 Total 2023 Total 2022 Accountancy fees 473 301 503 209 This page dces not fom) part of the statutory flnancial statements. Page 37